Hasbro Beats Q3 Earnings Estimates and Raises Outlook
Hasbro reported adjusted earnings of $2.90 per share versus the $1.86 consensus estimate. Revenue rose 15% year over year to $1.595 billion, above estimates of $1.476 billion, and the company raised its outlook.
U.S. stocks were mixed Tuesday, while the Dow Jones index added around 400 points. Hasbro Inc. (NASDAQ: HAS) shares climbed after the company reported stronger-than-expected third-quarter earnings and raised its outlook.
Adjusted earnings were $2.90 per share, above the analyst consensus estimate of $1.86. Revenue increased 15% year over year to $1.595 billion, exceeding estimates of $1.476 billion. Hasbro shares rose 6.2% to $104.64. Other stocks also posted gains during Tuesday’s session.
Braze Inc. (NASDAQ: BRZE) jumped 51% to $45.37 after the company’s announced acquisition by Salesforce. Myriad Genetics Inc. (NASDAQ: MYGN) advanced 33.5% to $5.62 after announcing plans to sell its Prenatal Health testing business to Labcorp.
Hertz Global Holdings Inc. (NASDAQ: HTZ) gained 13.8% to $2.10 after the company said Oro Mobility secured an $80 million strategic equity investment from a consortium of investors. Lucky Strike Entertainment Corp. (NYSE: LUCK) climbed 10.7% to $5.15, while Klaviyo Inc.
(NYSE: KVYO) rose 10.5% to $19.35. Equifax Inc. (NYSE: EFX) added 10.5% to $175.25 after reporting better-than-expected Katapult Holdings Inc (NASDAQ: KPLT) surged 10.3% to $8.02, while Real Remax Group, Inc. (NASDAQ: REAX) rose 7.8% to $16.62.
The company is scheduled to report third-quarter financial results on Thursday, Nov. 5, before the market opens. Northrop Grumman Corp (NYSE: NOC) climbed 7.6% to $549.53 after reporting third-quarter EPS above expectations and raising its FY26 adjusted EPS guidance above estimates. Washington Trust Bancorp Inc (NASDAQ: WASH) gained 6.7% to $39.03 following strong quarterly results.
Five9 Inc (NASDAQ: FIVN) advanced 6.4% to $35.48. Concentrix Corp (NASDAQ: CNXC) rose 5.1% to $29.66, and RH (NYSE: RH) added 5.1% to $119.80. Goldman Sachs analyst Kate McShane maintained a Neutral rating on RH and cut the price target from $164 to $140. Guidewire Software Inc (NYSE: GWRE) gained 5% to $180.00.